Dissipation
/ˌdɪsɪˈpeɪʃən/
Definitions
- (n.) The wrongful or wasteful use or depletion of assets, often relating to estate property.
The court found dissipation of marital assets during the divorce proceedings.
- (n.) The act of diverting or misappropriating funds or property from their intended lawful use.
He was accused of dissipation of corporate funds for personal expenses.
Related terms
See also
Commentary
Dissipation commonly arises in family and trust law, referring to improper depletion of assets; precise identification of timing and intent is critical in litigation.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.